Free Trial

Approaching 1.1999 Lows, Biden Headlines Boosting USD

EURUSD
  • The Euro unwind post ECB has helped strengthen the dollar with the DXY gradually approaching yesterday's highs above 91.40. As such EURUSD approaching the 1.1999 lows and the breakout from April 19, playing catch up to G10 counterparts with the likes of GBP, AUD and NZD down between 0.4-0.65% against the greenback.
  • Latest Biden headlines aiding the last downtick.
  • Our morning tech email highlighted a bearish pattern that signals a possible top at 1.2080.
  • The support level markets may focus on below is 1.1943, the Apr 19 low.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.